According to a July 16 report from The Chosun Ilbo, Daewoo Shipbuilding & Marine Engineering said that it has signed a memorandum of understanding to acquire a 49% stake in South African shipping company Impinda.
(Source: The Chosun Ilbo)
Energy companies have reduced the number of rigs drilling for oil in the United States to the lowest since August, shifting more rigs in favor of natural gas as crude prices dive,
Algoma Central Corporation (“Algoma”), the largest Canadian shipowner and operator of domestic Great Lakes vessels announces that it has received all requisite
Wärtsilä and Diesel United Ltd in Japan have signed a ten-year renewal of their co-operation agreement for the sale, manufacturing and servicing of Wärtsilä low-speed marine engines.